Rare Element Resources Ltd (REEMF)

[SuperSquirrel]

Long Term Prospects Remain Bright for Rare Earth Explorers

Rare Element Res Ltd Ordinary Shares (Canada) (AMEX:REE)

Today : Thursday 12 May 2011

Rare Earth Explorers are getting crushed in the markets this week after North America's largest Rare Earth miner, Molycorp posted first quarter earnings nowhere near the analyst consensus. Although rare earth metal prices are surging due to favorable demand conditions, there are currently no separation facilities for the all-important "heavy" rare earths outside of China, leaving North American explorers to struggle for revenues. The Bedford Report examines the Rare Earth Elements Industry and provides research reports on Molycorp, Inc. (NYSE: MCP) and Rare Element Resources, Inc. (AMEX: REE). Access to the full company reports can be found at:

www.bedfordreport.com/2011-05-MCP

www.bedfordreport.com/2011-05-REE

Colorado-based, Molycorp plans to double production in its California mine by the end of 2013. Molycorp's Mountain Pass mine produces about 3 percent of the world's rare earths from stockpiled concentrate, but the company plans to eventually turn out a quarter of the total supply. Mark Smith, CEO of Molycorp, explains that "unless alternative sources for rare earths are brought on, we are going to have a very significant shortfall in terms of how much material is available versus how much we need."

The Bedford Report releases regular market updates on the industrial metals sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

Canada-based, Rare Element Resources has a 100% interest in the Bear Lodge property located in northeast Wyoming. A recent economic assessment shows that the deposit has an internal rate of return of nearly 40 percent. According to REE, exploration potential continues to be "excellent" as recent geological surveys claim Bear Lodge "contains one of the largest deposits of disseminated rare-earth elements in North America."

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